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In The News:

February Housing Starts Down 0.2% from January

Privately-owned housing starts in February were at a seasonally adjusted annual rate of 907,000. This is 0.2 percent below the revised January estimate of 909,000 and 6.4 percent below the February 2013 rate of 969,000.

Single-family housing starts in February were at a rate of 583,000; this is 0.3 percent above the revised January figure of 581,000. The February rate for units in buildings with five units or more was 312,000.

Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,018,000. This is 7.7 percent above the revised January rate of 945,000, but is 6.9 percent above the February 2013 estimate of 952,000.

Single-family authorizations in February were at a rate of 588,000; this is 1.8 percent below the revised January figure of 599,000. Authorizations of units in buildings with five units or more was at a rate of 407,000 in February.

Privately-owned housing completions in February were at a seasonally adjusted annual rate of 886,000. This is 4.4 percent above the revised January estimate of 849,000 and is 21.9 percent above the February 2013 rate of 727,000.

Single-family housing completions in February were at a rate of 631,000; this is 4 percent above the revised January rate of 607,000. The February rate for units in buildings with five units or more was 246,000.

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